Calfrac Well Services

• Calfrac Well Services reports Q1 loss, revenue up 38% from year ago

  Calfrac Well Services Ltd. reported a first-quarter loss of $21.5 million compared with a loss of $22.4 million in the same quarter last year, as its revenue rose 38 per cent.

  Money

  May 3, 2022
  
• Oilfield services company Calfrac Well Services suspending any investments in Russia

  Calfrac says its Western-based employees involved with its Russian operations are currently not in Russia.

  Money

  Mar 29, 2022
  
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• Calfrac delays vote on recapitalization plan to Sept. 29 after Wilks Brothers offer

  Calfrac Well Services Ltd. is postponing a vote on its recapitalization plan following an unsolicited takeover offer for the company by Texas-based Wilks Brothers LLC.

  Canada

  Sep 14, 2020
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• Wilks Brothers formalizes Calfrac takeover offer ahead of vote on restructuring plan

  Texas-based Wilks Brothers LLC says it is making formal the $26.1-million takeover bid for Calfrac Well Services Ltd. it proposed last week, while continuing to urge shareholders to reject a management reorganization plan.

  Canada

  Sep 10, 2020
• Wilks Brothers to make offer for Calfrac if recapitalization plan rejected

  The Texas-based competitor, which already owns a roughly 20 per cent stake in Calfrac, says it will pay 18 cents per share. Calfrac shares closed at 15 cents on the Toronto Stock Exchange on Tuesday.

  Canada

  Sep 2, 2020
• Calfrac says U.S. court has sided with company in fight with Wilks Brothers

  The Calgary-based company says the U.S. court ruling to recognize its reorganization proceedings underway in an Alberta court stops the latest Wilks Brothers' effort to obstruct the plan.

  Canada

  Sep 1, 2020
• Calfrac Well Services shares rise 75%; oilfield company says it hired advisers

  Calfrac Well Services Ltd. says it is seeking advice on changes to its capital structure but doesn't know of any "material change'' that would account for a 75.6 per cent increase in its share price on Tuesday.

  Money

  Jun 9, 2020
• Oilpatch workers face pay cuts and layoffs as companies like Cenovus react to low prices

  Budget cuts in the western Canadian oil and gas sector are hitting home for front-line workers who are facing smaller paycheques as well as the ever increasing risk of being laid off.

  Economy

  Apr 2, 2020
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• Calgary-based Calfrac reports fourth quarter loss on lower revenue

  One of Canada's largest oil and gas well completion companies is reporting a loss in the fourth quarter of 2019 as demand for its services remains at a low ebb.

  Canada

  Jan 28, 2020
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• Pair of Calgary-based fracking firms report double-digit Q2 revenue declines

  Two of Canada's biggest oil and gas well-fracking companies are posting double-digit percentage revenue declines as energy exploration spending slowed in the quarter ended June 30.

  Money

  Aug 1, 2019